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Wednesday, June 8, 2016

The Best Time of Year to Sell Is Nearly Over


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With less than a month left in the spring market, the best time of year to sell your home is about to end. The window of opportunity is closing, so if you want to take advantage of the strongest buyer demand of the year, now is the time to get your home on the market.

It is incredibly important in this market to price your home correctly. In Orange County, homes priced below $750,000 are in a hot market. Many sellers are drawing multiple offers, some even over asking price. The same is true for homes priced under $600,000 in LA County, as well as homes priced below $500,000 in the San Bernardino area.


There are already signs that the market is shifting.



That said, there are already signs that the market is starting to shift. Demand is peaking in certain price points and the active listing inventory is actually growing. Despite low interest rates, demand is not continuing to grow for two reasons: homes are not realistically priced, and graduations mark the beginning of summer distractions. Buyers are sidelined this time of year because they are out celebrating the successes of family and friends instead of looking for homes.

Don’t worry, though; this is a cyclical downshift in buyer demand. Every year, the listing inventory increases around this time and demand just naturally drops. When that happens, the market cools.

Overall, depending on your price point, the market is extremely hot, and interest rates are low. Still, it is a great time to buy and sell real estate. If you have any questions, give me a call or send me an email. I would be happy to help you!

Friday, February 19, 2016

Top 4 Questions to Ask Before You Hire a Realtor


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There are many great questions you could ask a real estate agent before hiring them, but today I want to talk about four specific questions that will quickly tell you whether you should work with this person or not.

  1. Does the agent have a lot of experience? You’ll find that agents have varying levels of experience in the market. If you’re unsure about someone, ask about their track record and demand to see an agent report card. 
  2. What is their communication plan for you? This is essential, and you need to be able to get in contact with your Realtor without hassle. Look for someone who is responsive, and someone who will not pass you off to an assistant.
  3. Is this agent passive or active? You don’t want an agent to stick a sign in your yard and hope that it sells (it won’t). You need someone who has a dedicated marketing plan that utilizes social media, Internet marketing, print marketing, and word-of-mouth. 
  4. Does the agent have the tools to sell your home? How do they generate leads? What is their marketing strategy? How will they get buyers inside your home? These are all questions that you need to be asking.

Thank you for your time. If you know someone who needs this information, please don’t hesitate to share it with them. I want to educate as many people as possible.

Thanks for watching!

Wednesday, February 10, 2016

Get Ahead of Your Competition in Southern California


Buying an Orange or LA County Home? Search all Homes for Sale
Selling an Orange or LA County Home?
Check out our FREE Home Value Report
 

With the holiday distractions and New Year’s Resolutions behind us, the housing market in Orange and Los Angeles counties is thawing up! We’re picking up the pace and likewise, experiencing increased real estate activity.

Buyer demand actually dropped from the beginning of the year to the last week of January. That hasn’t happened in over a decade. You might be quick to blame the recent interest rate hike or global real estate market turmoil for this, but it’s not the case. Rates are lower today than ever before; the rate hike is intertwined with treasury bonds, not long-term loans. Although another rate hike could impact Southern California consumers, it’s unlikely to happen given international real estate instability and the fact it’s an election year. This creates a great opportunity for sellers.


The spring market approaches. There’s already an increase of inventory, but there’s less competition currently compared to the spring market. If you’re thinking of buying, it’s better to hit the ground running now rather than wait. Start today and get ahead.

I understand the local market and sell homes regardless of its climate. Although the media anticipates home prices will appreciate this year, it could work against you from supply and demand. There are more homes on the market compared to last year. More homes sit on the market, and there are more open houses as well. This happened eleven years ago just before the market shifted on everyone. Afterwards, so many clients told me how much they wished to sell their home before the market turned!

If this resonates with you, and you’d like to know your home’s value, let’s talk and get you ahead of your competition. Give me a call or email today!